Enhance Development Impact of Workers' Remittances

The main objective is to enhance the development impact of personal remittances to Honduras through the innovative structured transaction to be used in financing the expansion of credit to the SME and housing finance sectors of the economy through bank intermediation.

Project Detail

Country

Honduras

Project Number

HO-L1127

Approval Date

May 21, 2008

Project Status

Cancelled

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 5,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 5,000,000.00